Employees Provident Fund Organization (EPFO) is constantly working towards providing better facilities to its shareholders. Recently, after accelerating the claim settlement process, the EPFO is now working on another major plan, under which PF money can be withdrawn through ATMs in future. However, despite all these efforts, a matter of concern has come to light. According to a recent report, the claim of each fourth person who tried to remove PF in the financial year 2023-24 was rejected. According to Mint’s report, about 1.6 crore claims were rejected out of the total claims last year. This number is going to increase anxiety, because these are the people who were trying to withdraw their hard earned money.
PF money may be stuck by a small mistake
EPFO’s system correctly checks the information recorded in the record. If there is a little mistake in the date of spelling, date of birth, or job starting and leaving your name, then your PF claim may be rejected immediately. Even if your name is written slightly different in the Aadhaar card and EPFO records, the claim may still be stuck. Therefore, it is important that the employees check their records from time to time and get it corrected if needed.
Uan and Aadhaar link can cause a big problem
In today’s digital era, EPFO’s system is very dependent on linking from Aadhaar. If you do not have a UAN (Universal Account Number) Aadhaar, then the process of PF claim may cause major interruption. Many times the KYC update on the EPFO portal looks approved, but the same information in the backnd is stuck in undedened status. Due to this technical fault, thousands of people have been waiting for their PF funds for months.
Having two UAN number can also become a headache
When an employee changes the job and the new company makes another UAN number for him, while his old UAN is already present, it is wrong. According to EPFO’s rules, one person should have only one UAN. If both UAN is connected to the same mobile number, then it becomes even more difficult to add (merge). In such cases the PF claim may get caught in a long and complex process.
Correct information of bank details is important
While filling the PF claim form, a small mistake, such as the wrong bank account number or IFSC code, the name of the wrong employer or incomplete information, can reject your claim. Many times the family’s information is also wrong – as the mother’s name is to write the name of the father’s name or to fill the name of the spouse in a wrong way. This can prevent PF transfer or withdrawal for months.
How to avoid PF claim rejections?
The best way to avoid rejecting PF claim is to be careful in advance. For this, always keep all the information and documents related to your EPFO updated and correct. You go to the EPFO Member Portal and check your name, date of birth, bank details and Aadhaar linking status. If any mistake is found, then get it fixed immediately. It is also very important to confirm all the information from your employer before filing the claim. Apart from this, if you have any technical or process related problems, use EPFO’s grief portal so that your problem can be solved quickly. Such small steps help in protecting from PF claim rejections.